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Best Financial Advisors in Rochester Hills

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SmartAdvisor by SmartAsset logo
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SmartAdvisor by SmartAsset

Rochester Hills, MI
  • Estate Planning
  • Financial Planning
  • Investment Management
  • Retirement Planning

Business Description

SmartAsset's free, five-minute tool makes it easy to find qualified financial advisors in your area. The exclusive tool uses a quick survey to help SmartAsset's exclusive algorithm match you with up to three advisors based on your specific financial needs. Each advisor is a fiduciary, legally bound to work in your best interest, and rigorously vetted by SmartAsset. You can speak with each for free, sometimes within a matter of minutes, and choose whom you want to work with. Hundreds of thousands of smart investors and retirees have already used SmartAsset's simple, no-cost service to find the right financial advisors for them.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Google
3.2 / 5 (15)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
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Price: Free consultation

Blackheath Capital Management logo
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Blackheath Capital Management

1700 W. Hamlin Road, Suite 100, Rochester Hills, MI 48309
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  • Investment Management
  • Financial Planning

Business Description

Blackheath Capital Management is a financial planning and investment advisory firm in Rochester Hills. The firm is part of a nationwide network of independent advisors who help clients make informed decisions regarding their financial and investment plans. It provides individuals, businesses, and charitable foundations with guidance in financial planning, investment, and insurance matters. Thomas J. DelPup, the founder, is a licensed attorney and Certified Financial Planner. He carries more than 30 years of experience in the areas of financial planning and investment management.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)
Cobblestone Financial Services logo
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Cobblestone Financial Services

2701 Cambridge Court, Suite 220, Auburn Hills, MI 48326
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  • Certified Financial Planner (CFP)

Business Description

Cobblestone Financial Services caters to families and businesses in Rochester Hills. It offers to help each client develop and achieve financial goals, such as retirement funding and family savings. The company then creates a financial strategy to build up the client's funds through investments and trust funds. It also assists retirees and seniors in building estate plans, from education funding to inheritance accounts. Cobblestone Financial Services is run by Clayton Winkler, a Certified Financial Planner who used to be a counter-intelligence agent.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
DDR Wealth Advisors logo
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DDR Wealth Advisors

1460 Walton Blvd., Suite 65, Rochester Hills, MI 48309
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  • Retirement Planning

Business Description

DDR Wealth Advisors serves families and individuals in the Rochester Hills metro. It provides wealth management services, including charitable estate and tax analysis and asset-specific planning. The company also crafts personalized wealth protection and transfer strategies to help clients achieve financial security. In addition, it offers long-term care, term and permanent life, and disability income insurance policies. Founder Dennis Richardson received the Horizon Award for Young Professional of the Year in Financial Services from Detroit Regional Chamber of Commerce in 2010.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
kfsonline.net logo
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kfsonline.net

950 W. University Dr., #103, Rochester, MI 48307
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  • Certified Financial Planner (CFP)

Business Description

Keystone Financial Services, LLC offers customized financial programs to the locals of Rochester Hills. The company's professionals have a fiduciary responsibility to act in the best interest of their clients as Investment Advisor Representatives. Some of the services it offers include investment consulting on asset management, retirement planning, and IRA consolidation; insurance consulting on life, annuities, long-term care, and health; tax consulting and return preparation; and business continuation plans. Leonard Brunkey, Certified Financial Planner, founded Keystone Financial Services in 1988.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
lifeplanfinancialgroup.com logo
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lifeplanfinancialgroup.com

1055 E South Boulevard Suite 230, Rochester Hills, MI 48307
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  • Certified Financial Planner (CFP)

Business Description

LifePlan Financial Advisory Group is a firm that assists individuals with managing their finances in the Rochester Hills metro. To help clients grow their assets and achieve their goals, it offers financial planning and investment management services. Focused on navigating the challenges in the financial markets, the team behind LifePlan Financial Advisory Group provides guidance as an accountability partner and coach. As a testament to its expertise and industry knowledge, the company is a part of the Certified Financial Planner community.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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Melone Private Wealth logo
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Melone Private Wealth

3121 University Drive Suite 180, Auburn Hills, MI 48326
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  • Certified Financial Planner (CFP)

Business Description

Melone Private Wealth assists clients in Rochester Hills. Individuals and families can get help with managing their finances for current and future needs. Its team advises people on budgeting, insurance policies, and tax planning. The company also provides retirement and estate planning services, along with helping clients with investment portfolios that meet their goals and suit their risk tolerance. Managing member Lou Melone is a Certified Financial Planner with more than 25 years of experience in financial services.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
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Detail
––
paccapitalmanagement.com logo
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paccapitalmanagement.com

2546 South Rochester Road, Rochester Hills, MI 48307
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  • Certified Financial Planner (CFP)

Business Description

PAC Capital Management, Inc., offers financial services in the Rochester Hills area. Its advisors help individuals and families meet their short-term and long-term goals through financial planning. They assist in organizing budgets, choosing insurance policies, and setting up estates to ensure that clients' wealth goes to rightful beneficiaries. The company also partners with clients in managing their taxes and selecting investments that meet their future financial needs. Company president Peter Ciavaglia is a Certified Financial Planner and Chartered Financial Consultant.

Patterson Advisors logo
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Patterson Advisors

Waterford, MI
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  • Estate Planning
  • Tax Planning
  • Certified Financial Planner (CFP)
  • Retirement Planning

Business Description

Patterson Advisors helps the residents of Rochester Hills obtain their financial dreams through goal-based financial planning. The process involves determining a client’s financial picture and visions to identify necessary actions. The firm’s analysis method also prevents excessive debts and helps prepare on-hand funds for short-term goals and emergencies. Patterson Advisors offers annual investment services, including an independent analysis of investment portfolios. Firm professionals David C. Patterson and Erin E. Preston are both Certified Financial Planners.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)
Rochester Wealth Strategies logo
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Rochester Wealth Strategies

439 S Main St, Suite 250, Rochester, MI 48307
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  • Financial Planning

Business Description

Rochester Wealth Strategies is an independent firm that caters to families and individuals in the Rochester Hills metro area. It provides a wide range of financial and retirement planning services, including goal monitoring, probability analysis, business succession planning, and estate and beneficiary review. The company also creates 401(k), SEP, IRA, and Roth plans. In addition, Rochester Wealth Strategies deals with investment management, which covers inflation and longevity protection and asset allocation. 

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
The Athena Financial Group logo
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The Athena Financial Group

705 Barclay Circle, Rochester Hills, MI 48307
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  • Certified Financial Planner (CFP)

Business Description

Founded in 2004, The Athena Financial Group is a female-owned firm that serves clients in Rochester Hills. It provides financial planning services from gathering information about clients' finances, analyzing financial tools, strategizing a plan, to monitoring. Its team of professionals helps clients focus on their goals, plan all stages of their lives, and pay for the services they need. Diane Young, the founder and president of the company, is a current member of Michigan's Women Foundation and gave workshops for Kraft Foods and Mariott Corp.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Thomas J. DelPup logo
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Thomas J. DelPup

1700 W. Hamlin Rd. Suite 100, Rochester Hills, MI 48309
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  • Estate Planning
  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Financial Planning

Business Description

Thomas J. DelPup is a financial professional that serves the Rochester Hills metro. DelPup, an attorney and Certified Financial Planner, provides a cross-discipline approach in handling financial, legal matters, and financial planning. He helps business owners, individuals, charitable organizations, and fiduciaries in retirement planning and investment portfolio auditing. Thomas DelPup has been guiding clients in achieving their financial goals for more than 30 years. He and his team assist in estate planning, and life insurance needs analysis.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Total Financial Guide Advisors logo
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Total Financial Guide Advisors

3121 University Drive Suite 100, Auburn Hills, MI 48326
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  • Certified Financial Planner (CFP)

Business Description

Total Financial Guide Advisors helps clients in the Rochester Hills area. Individuals and families can consult the firm about organizing their finances for current and future expenses. The firm helps create a financial plan that includes cash flow management, insurance policy selection, and estate planning. Its team also advises clients on settling their taxes and creating investment portfolios to finance their long-term goals. Company owner George Barnhart served as chair of the Financial Planning Association of Michigan.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (15)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Trinitas Planning Group logo
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Trinitas Planning Group

1235 North Main Street Suite 150, Rochester, MI 48307
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  • Certified Financial Planner (CFP)
  • Tax Planning

Business Description

Trinitas Planning Group offers fiscal advice to residents situated in Rochester Hills. It assists individuals with their investments, retirement funds, budgeting, and risk management. The advice factors in a person's risk tolerance, timelines, and goals. The group formulates strategies for lawfully minimizing the tax liabilities of customers. In addition, the enterprise aids in handling estates and preserving assets of testators and their families. Trinitas Planning Group employs a selection of finance, tax, and legal professionals to broadly counsel their customers.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Vigilant Financial Services logo
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Vigilant Financial Services

155 Romeo Rd., Suite 700, Rochester, MI 48307
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Business Description

Vigilant Financial Services assists individuals in Rochester Hills in organizing finances and wealth. The company guides clients in growing their money by advising them about investment products like bonds, common stocks, IRAs, and treasury bills. Its advisors work with clients in planning their retirement, tax dues, estate, and college funding. They also provide risk management assistance by offering life insurance products. The financial planner at the company, Chuck Snyder, holds several certifications like Certified Tax Specialist and Certified Income Specialist.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Wiklund & Bond Financial Services, Inc logo
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Wiklund & Bond Financial Services, Inc

3069 University Dr. Suite 200, Auburn Hills, MI 48326
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  • Retirement Planning

Business Description

Wiklund & Bond Financial Services, Inc., provides wealth management advice to individuals residing in Rochester Hills. The company counsels its customers on where to invest their savings and how to minimize their tax liabilities within legal parameters. The firm assesses a client's goals, and the resulting plan is adjusted as situations change due to contingencies such as marriage or divorce. Senior Partner Craig M. Wiklund has 30 years of experience in asset management. In his free time, he serves in the community's church.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
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Frequently Asked Questions

Introduction

There are many titles for financial professionals, so it's challenging to track what each one means. A financial advisor is probably the term you've heard most often. Financial advisor is a broad term for a professional who helps individuals or companies manage their finances, including investment choices. There are over 100 certifications that financial advisors can obtain.

  • Financial planners, wealth managers, and investment advisors are all financial advisors with different focus areas.
  • A financial planner helps an individual or a company make a plan to achieve long-term financial goals.
  • A wealth manager helps individuals maintain their wealth through various disciplines and services, such as taxes, estate planning, and investment advice.
  • An investment advisor offers investment advice and recommendations to individuals or organizations.
There’s a misconception that you have to be extremely wealthy to use a financial advisor. In reality, they can be beneficial for people from any income level. Keep reading to find answers to the most commonly asked questions about financial advisors, so you know which type can fit your specific needs.

Are financial advisors worth it?

Whether or not a financial advisor is worth it depends on your personal situation. If your finances are fairly straightforward, then you may be better off handling it on your own. But if you have substantial assets or a complex investment portfolio, then hiring someone to handle it for you can be well worth the cost.

What does a financial advisor do?

Financial advisors can have many types of specialties. Generally, a financial advisor advises on or helps to execute a financial plan. Some examples include assisting people with getting out of debt, building out an investment portfolio, and handling taxes.

How much money do I need to work with a financial advisor?

There’s no specific income level you need in order to work with a financial advisor, but there may be a minimum investment amount for certain types of services. Some financial advisors won’t manage your money unless you have $100,000 or more to invest, but this isn’t the case with financial coaches or robo-advisors.

What does a financial coach do?

Financial coaches focus on improving your financial literacy and money management skills. For example, they can help you figure out how to pay down your student loans or decide how much money to put away for retirement. They usually charge by the hour and don’t offer asset management services or investment advice.

When should I use a financial advisor vs. doing it myself?

Smart money management can give you freedom and comfort. Being responsible with your money makes it possible to meet goals and pay for major expenses. A financial advisor is trained and can offer you expertise that would otherwise take years to learn. They know how to save you money and make it go further.

How do I know if my financial advisor is trustworthy?

Because financial advisors aren’t licensed or regulated, it’s up to the client to make that determination for themselves. However, if your advisor is a fiduciary, that means they’re legally bound to act in your best interest. Some types of advisors, including Certified Financial Professionals (CFPs), are held to fiduciary standards.

What\'s the difference between a financial advisor and a financial planner?

The term financial advisor is a broad phrase that encapsulates many specialties, including financial planner. It's similar to how doctor applies to different physicians, while a cardiologist is a specialty doctor. A financial planner helps their client plan to achieve long-term financial goals, such as saving for a house or retirement.

Are financial advisor fees tax deductible?

Until 2018, financial advisor fees were tax deductible as a miscellaneous expense. However, the Tax Cuts and Jobs Act elimited that deduction until at least 2025.

What is a financial consultant?

A financial consultant and a financial advisor are essentially the same. In recent years, financial consultant has become a less popular term, with financial advisor being much more common. Sometimes, the financial professional may opt for the term consultant when offering services to a business rather than an individual.

What is a robo-advisor?

A robo-advisor is essentially an algorithm that manages your investment portfolio for you. Because their services are automated, you’ll pay less than you would for a human advisor — often between 0.25% and 0.50%. They don’t require large initial investments either, making them a popular choice for entry-level investors. However, you won’t get the same level of advice that you would get from a personal financial advisor.

What makes someone a fiduciary?

Fiduciary is a legal term for a person who has a legal or ethical responsibility to act in your best interests. For example, a trustee and a beneficiary. A financial advisor may have a fiduciary obligation to make financial choices that are best for you, even if it means they earn less in commissions or fees.

How often should I meet with my financial advisor?

After your initial meeting, you may only need to check in with your financial advisor on a quarterly or annual basis. Ask them in advance how often you can expect to hear from them, and whether they offer in-person, phone, or virtual meetings.

Should your financial advisor be a fiduciary?

It’s important to understand that only some — not all — financial advisors have a fiduciary obligation to their clients. Always ask your financial advisor if they’re bound by fiduciary duty. If not, it’s possible that they’ll push products or services that earn them the highest commission, not necessarily what’s best for you. Opt for a financial advisor bound by fiduciary duty whenever possible.

Can my financial planner help with taxes?

Financial advisors aren’t necessarily accountants or tax preparers, so don’t expect them to prepare your taxes for you. However, they may be able to provide tax-related advice to help you optimize your returns and deductions. If you need an advisor who can file your taxes, look for one who is also a CPA (Certified Public Accountant).

Do I need a financial advisor?

Ask yourself if a financial advisor can fill a need or solve a problem you can’t easily handle on your own. They can be helpful in a wide variety of ways, such as building budgets or financial plans, finding ways to save money on taxes, creating an investment portfolio, or offering investment advice.

How do financial advisors get paid?

Clients pay to work with a financial advisor whether it’s through fees, commissions, or salaries. If they’re paid by client fees or commissions, their salary is tied to how much business they bring in. The harder they work, the more they make. In comparison, a salaried employee is guaranteed their wage no matter how many clients they have.

What experience should I look for in a financial advisor?

 If you have specific goals or a unique financial situation, look for a financial advisor with expertise in that area. For example, some financial advisors specialize in working with millennials or focus on socially responsible investing.

How much does a financial advisor cost?

A financial advisor’s costs depend on their fee structure. Some advisors charge a fee — either hourly or a percentage of the client assets under management. Another common option is to charge a commission on the products sold or investments made.

Should I hire a financial advisor before buying a house?

While not always necessary, a financial advisor could help you decide how large of a mortgage to apply for, how much money to put down, and how to balance the purchase with other savings and investment goals.

How many financial advisors are there in the U.S.?

According to the U.S. Bureau of Labor Statistics, it’s estimated that there are 218,050 financial advisors. California is the state with the highest employment of financial advisors across the nation.

Do banks offer financial advisors?

Yes, many banks have financial advisors on staff. Your bank may also offer incentives to work with their financial advisors, such as lower fees or free accounts. However, it's important to note that many of the bank's financial advisors don't have a fiduciary obligation and might prioritize the bank's products above all else. There is a cost when working with your bank's financial advisor.

Should I hire a wealth manager?

A wealth manager can help offer complex financial planning services, including tax guidance, estate planning, and legal assistance. While you don't have to be a high-income earner to benefit from a financial advisor, a wealth manager is typically for those that have a high net worth. However, many people build wealth and need a wealth manager later on in life.

Is wealth management worth it?

Wealth management is typically worth it for those who need help with multiple endeavors or comprehensive financial situations, such as charitable contributions or investment portfolio management, or want to protect their assets. A wealth manager can also offer you guidance if you’ve been neglecting your finances or making poor judgements.

How can you tell if a financial advisor is bad?

Your relationship with your financial advisor is a very personal one, as you’re trusting them with your wealth and future. Some general signs that your financial advisor is bad include:

  • They can’t answer your financial questions
  • You have worked with them for a while but haven’t seen a financial improvement
  • They don’t provide you with progress reports
  • They don’t check in with you

What do you need to be a financial advisor?

As mentioned, there are over 100 types of certifications for financial advisors. The training or experience you need will depend on which specialty you want to pursue. Generally, financial advisors need to have:

  • A Bachelor’s degree
  • A General Securities Representative license (Series 7 license)
  • A Certified Financial Planner (CFP) certification isn’t mandatory but is often preferred

Where do financial advisors work?

Where a financial advisor works will depend on what type of financial advisor they are. Financial advisors can work at a variety of places, including:

  • Securities and commodity brokers
  • A bank
  • A credit union
  • Independently
  • Insurance companies
  • Financial investment firms
  • Small investment advisory firms

How much do financial advisors make?

In 2019, the national average salary for a financial advisor was $87,850. However, it’s important to note the average salary varies from state to state and the different focus areas — an investment advisor may make a lot more than a financial planner. Lastly, salary can depend on how the individual is getting paid. Financial advisors can be paid by client fees, commissions, or salaries.

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